Norwegian owner Grieg Star completed a major refinancing ahead of time given uncertainty about the future availability of debt to the industry.
Grieg Star announced yesterday that five banks had contributed to a $400m package that pushed debt maturities from 2017 and 2018 to 2021 and beyond.
Annicken Kildahl, chief financial officer of the shipowner, said the lending market is more challenging today for everybody in the business.
